Healthcare Cybersecurity Market – How The Business Will Grow In 2025?
Category: #healthcare  By Ronak Bora  Date: 2021-03-23
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Healthcare Cybersecurity Market – How The Business Will Grow In 2025?

Healthcare cybersecurity market is poised to witness tremendous growth over the projected timeframe of 2019 to 2025, attributing to the rising awareness regarding prevention of cyber-attacks in healthcare industry. According to FortiGuard Labs statistics, in 2017, healthcare organizations recorded nearly 32,000 cyber-attacks per day. As hackers are creating unique malwares, healthcare organizations are facing the challenge of cyberthreats more than ever.

The ongoing COVID-19 pandemic had also significantly influenced the industry trends with the growth in cybersecurity breaches in labs and hospitals. IBM entered a partnership with Cylera to launch Healthcare Asset Operations Center (HAOC), a solution for asset management and cybersecurity protection to assist hospitals in managing and securing their ventilators as well as other critical medical devices.

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Value of on-premises deployment of healthcare cybersecurity regulations is likely to record over 18% CAGR up to 2025 worldwide. This can be attributed to the increasing need of healthcare organizations to monitor all the files and databases on premise in real-time with the help of privileged user access as well as to verify and validate the authenticity of their employees. This has limited the instances of breaches and employee thefts besides augmenting the demand for monitoring software.

Device security segment is projected to register substantial gains over the upcoming years owing to rising application of mobile/portable devices across healthcare organizations. Mobile devices have emerged as a productive solution for healthcare professionals as well as patients. However, these devices are also susceptible to hacking as they can be accessed by the hackers to install malicious programs and manipulate the information.

Europe healthcare cybersecurity market had registered a substantial valuation of USD 2.5 billion in 2018 and is expected to grow significantly over the forthcoming years. This can be attributed to rising incidences of cybercrime across healthcare organizations and increasing threats from phishing, ransomwares and malwares in the region.

Major industry players operating in healthcare cybersecurity market such as Cisco Systems, Imperva, IBM, FireEye Inc, Palo Alto Networks, Fortified Health Security, Symantec Corporation, Trend Micro Incorporated, Northrop Grumman Corporation, ClearDATA , Atos SE and McAfee are inclined on developing new products to strengthen their product portfolio and gain a competitive edge in the market. For instance, in 2017, Northrop Grumman Corporation launched a model for healthcare organizations aimed at providing additional security for genomic data.

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Partial Chapter of the Table of Content

Chapter 4.     Healthcare Cybersecurity Market, By Type of Threat

4.1. Key segment trends

4.2. Ransomware

4.2.1.  Market size, by region, 2014-2025 (USD Million)

4.3. Malware & Spyware

4.3.1.  Market size, by region, 2014-2025 (USD Million)

4.4. Distributed Denial-of-Service [DDos]

4.4.1.  Market size, by region, 2014-2025 (USD Million)

4.5. Phishing and Spear-phishing

4.5.1.  Market size, by region, 2014-2025 (USD Million)

4.6. Others

4.6.1.  Market size, by region, 2014-2025 (USD Million)

Chapter 5.     Healthcare Cybersecurity Market, By Security Measures

5.1. Key segment trends

5.2. Application security

5.2.1.  Market size, by region, 2014-2025 (USD Million)

5.3. Network security

5.3.1.  Market size, by region, 2014-2025 (USD Million)

5.4. Application security

5.4.1.  Market size, by region, 2014-2025 (USD Million)

5.5. Others

5.5.1.  Market size, by region, 2014-2025 (USD Million)

Chapter 6.     Healthcare Cybersecurity Market, By Deployment

6.1. Key segment trends

6.2. On-premises

6.2.1.  Market size, by region, 2014-2025 (USD Million)

6.3. Cloud-based

6.3.1.  Market size, by region, 2014-2025 (USD Million)

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About Author

Ronak Bora    

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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